PhonePe, a popular mobile payments app, has introduced a new insurance plan to protect users against firecracker-related accidents. This insurance plan is designed to provide peace of mind during the festivities, offering coverage for hospital expenses and accidental death related to firecracker incidents.
The firecracker insurance plan is available for just Rs 9 and provides a coverage amount of up to Rs 25,000. The plan is valid for 10 days, starting from October 25. With this insurance, families can celebrate Diwali with greater security, knowing they are financially protected in case of any unfortunate accidents.
One of the key features of this insurance plan is that it offers family coverage. This means that up to four family members can be insured under a single policy, including the user, their spouse, and up to two children. This makes it an attractive option for families looking to ensure safety during the celebrations.
Simple and Quick Purchase Process
Purchasing the firecracker insurance is a straightforward process that can be completed in less than a minute on the PhonePe app. Here’s how users can easily avail themselves of the insurance cover:
- Open the PhonePe App: Start by launching the PhonePe app on your mobile device.
- Navigate to the Insurance Section: Look for the Insurance section on the homepage of the app.
- Select Firecracker Insurance: Find and select the Firecracker Insurance option.
- Review Plan Details: Users will be able to view important details about the plan, including the sum insured of Rs 25,000 and the fixed premium of Rs 9. Additionally, users can access a detailed breakdown of the plan benefits and the insurer’s information.
- Fill in Policyholder Details: After reviewing the information, fill in the required details for the policyholder.
- Complete the Purchase: Finally, tap on ‘Proceed to Pay’ to finalize the purchase.
Starting Coverage Date
It’s important to note that the coverage for the firecracker insurance plan begins on October 25. If a user purchases the insurance after this date, the policy cover will start from the date of purchase. This ensures that families are protected throughout the festive period.
Research Before Investing in Insurance
Before investing in any insurance plan, including this firecracker insurance, it’s crucial for users to conduct thorough research. Understanding the policy terms, coverage limits, and exclusions will help ensure that the insurance fits your needs. Users should also compare it with other options available in the market to make an informed decision.
Vishal Gupta, the CEO of PhonePe Insurance Broking Services, expressed excitement about the launch, stating, “We are excited to introduce PhonePe’s Firecracker Insurance just in time for the festive season. This coverage offers essential protection for families, ensuring they can celebrate with peace of mind, free from concerns about accidents or unexpected financial strain.”
With the launch of the firecracker insurance plan, PhonePe aims to help families enjoy the Diwali festivities without worrying about potential accidents. The affordable premium and ease of purchase make it an attractive option for users looking to safeguard themselves and their loved ones. As Diwali draws near, this insurance plan provides a practical solution for those who want to celebrate safely and responsibly.
PhonePe’s initiative reflects a growing trend in the insurance sector, where affordable and accessible coverage is made available to the masses. This firecracker insurance is not just a policy; it is a promise of safety and security during one of the most joyous times of the year.
